Mexico ranked as the leading destination for the US' agricultural exports in 2024, with a total value of $30.32 billion (17.2% of total agricultural exports).
North American neighbours, Mexico and Canada, collectively accounted for 33.3% of total US agricultural exports.
China was the third-largest market, importing $24.65 billion (14%) of the US' agricultural products.
Asian markets, including China, Japan, South Korea, Taiwan, the Philippines, and Vietnam, collectively absorbed 31.7% of the US' agricultural exports.
The top three markets (Mexico, Canada, and China) made up 47.3% of the US' total agricultural export value.
The top 10 markets accounted for 74.8% of the US' agricultural exports, totalling $131.85 billion.
Cocoa products, including paste, butter, and beans dominated the US' agricultural imports from Sub-Saharan Africa in 2024, making up nearly one-third of the total.
Other major import categories included coffee, seafood, oilseed meals, and tree nuts, rounding out the top six.
The top 10 agricultural imports accounted for 74% of all the US' agricultural imports from the region.
Each of the top 10 products had an import value exceeding $120 million.
From SSA, Côte d'Ivoire and Ghana were the leading suppliers of cocoa products to the US in 2024.
The top three products together represented 41% of the total agricultural imports from the region.
Egypt and Morocco dominate Africa’s trade deficit, with a combined shortfall of $50.8 billion dollars, which surpasses the total deficit of the other eight countries on the list
North African economies — Egypt, Morocco and Tunisia — account for more than half of the total trade deficit across the top 10
East African economies also feature prominently, with Ethiopia, Kenya, and Tanzania making up a significant share of the deficit
Smaller economies like Rwanda and Uganda post notable deficits, though on a much smaller scale than their North and East African counterparts
Web payment amassed a total transaction value of ₦825.5 trillion, showcasing its dominance in both frequency and financial significance.
With a Constant Annual Growth Rate of 150.4% (in volume) and 208.9% (in value), Web Pay has been leading the Nigerian Payment System in both transaction volume and value since 2020.
Mobile payments contribute 15.8% of transaction volume and 10.9% of transaction value, indicating growing adoption among tech-savvy users.
NEFT transactions represent 21.5% of the total transaction value, reflecting their importance for transferring large sums.
The dominance of web payments reflects Nigeria's ongoing transition to a cashless economy and widespread digital adoption.
